Home / / Samsung doubles profits in Q1 2012

Samsung doubles profits in Q1 2012

Electronics giant expects $5.15 billion profit for quarter to March 2012

Samsung doubles profits in Q1 2012
Samsung made a record profit in the first quarter of 2012.

Samsung has announced that it has doubled its profits for Q1 2012, posting preliminary quarterly operating profit of 5.8 trillion won ($5.15 billion).

The electronics giant said the results would be double those for the same quarter in 2011, and would also beat its record 5.3 trillion won operating profit from Q4 2011.

The results were driven by strong sales in smartphones and the Galaxy Note tablet line, which has sold 5 million units since launch in October.

Samsung is currently the top technology company by revenue. Full financial results are due on 27th April.

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